A Business at a Glance
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Ramaco Resources, Inc.
METC
$538M
Mkt Cap
$10.35
-7.59%
Ramaco Resources, Inc. (METC) has a 5-year average return on invested capital (ROIC) of 13.3%. This indicates solid capital allocation.
Ramaco Resources, Inc. (METC) has a market capitalization of $538M. It is classified as a small-cap stock.
Yes, Ramaco Resources, Inc. (METC) pays a dividend with a trailing twelve-month yield of 0.81%.
Ramaco Resources, Inc. (METC) operates in the Silver Ores industry, within the Materials sector.
Ramaco Resources, Inc. (METC) reported annual revenue of $537 million in its most recent fiscal year, based on SEC EDGAR filings.
Ramaco Resources, Inc. (METC) has a net profit margin of -9.6%. The company is currently unprofitable.
Ramaco Resources, Inc. (METC) generated $252 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Item 1. Business Ramaco Resources, Inc. (the “Company,” “Ramaco,” “we,” “us,” or “our”) is a Delaware corporation formed in October 2016. Our principal corporate and executive offices are located in Lexington, Kentucky with operational offices in Charleston, West Virginia and Sheridan, Wyoming. We are a dual platform critical mineral company that is both an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth elements and critical minerals in Wyoming. Our metallurgical coal development portfolio primarily includes the following properties: Elk Creek, Berwind, Knox Creek, and Maben. We believe each of these properties possesses geologic and logistical advantages that make our coal among the lowest delivered-cost U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 537M | 537M | 666M | 694M | 566M | 283M |
| Net Income | -51M | -51M | 11M | 82M | 116M | 40M |
| EPS | $-0.99 | $-0.99 | $0.11 | $1.73 | $2.54 | $0.88 |
| Free Cash Flow | 252K | 252K | 99M | 156M | 65M | 24M |
| ROIC | -8.9% | -10.6% | 3.2% | 18.8% | 36.4% | 18.6% |
| Gross Margin | 15.5% | 15.5% | 20.0% | 28.8% | 41.1% | 31.0% |
| Debt/Equity | 0.93 | 0.93 | 0.24 | 0.31 | 0.29 | 0.05 |
| Dividends/Share | $0.08 | $0.08 | $0.24 | $0.54 | $0.44 | $0.06 |
| Operating Income | -56M | -56M | 17M | 95M | 150M | 40M |
| Operating Margin | -10.4% | -10.4% | 2.5% | 13.7% | 26.6% | 13.9% |
| ROE | -10.6% | -12.2% | 3.1% | 22.3% | 37.5% | 20.9% |
| Shares Outstanding | 52M | 52M | 102M | 48M | 46M | 45M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 5.2M | 61M | 228M | 169M | 169M | 283M | 566M | 694M | 666M | 537M | 537M |
| Gross Margin | 65.6% | 0.8% | 22.4% | 3.8% | 13.9% | 31.0% | 41.1% | 28.8% | 20.0% | 15.5% | 15.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 7.5M | 13M | 14M | 18M | 21M | 22M | 40M | 49M | 49M | 69M | 69M |
| EBIT | -7.5M | -16M | 24M | 30M | -19M | 40M | 150M | 95M | 17M | -56M | -56M |
| Op. Margin | -144.4% | -26.0% | 10.6% | 17.5% | -11.3% | 13.9% | 26.6% | 13.7% | 2.5% | -10.4% | -10.4% |
| Net Income | -7.5M | -15M | 25M | 25M | -4.9M | 40M | 116M | 82M | 11M | -51M | -51M |
| Net Margin | -144.1% | -25.2% | 11.0% | 14.8% | -2.9% | 14.0% | 20.5% | 11.9% | 1.7% | -9.6% | -9.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||
| ROIC | -5.0% | -25.8% | 19.1% | 15.2% | -2.7% | 18.6% | 36.4% | 18.8% | 3.2% | -10.6% | -8.9% |
| ROE | N/A | -28.4% | 19.7% | 16.0% | -2.9% | 20.9% | 37.5% | 22.3% | 3.1% | -12.2% | -10.6% |
| ROA | -6.3% | -11.5% | 14.9% | 12.0% | -2.2% | 14.3% | 19.5% | 12.4% | 1.7% | -5.7% | -4.5% |
| Cash Flow | |||||||||||
| Op. Cash Flow | -3.9M | -8.5M | 36M | 42M | 13M | 53M | 188M | 161M | 113M | 2.0M | 2.0M |
| Free Cash Flow | -21M | -84M | -12M | -3.3M | -11M | 24M | 65M | 156M | 99M | 252K | 252K |
| Owner Earnings | -4.4M | -14M | 21M | 19M | -12M | 22M | 138M | 94M | 30M | -84M | -84M |
| CapEx | 17M | 75M | 48M | 46M | 25M | 29M | 123M | 4.9M | 14M | 1.7M | 1.7M |
| Maint. CapEx | 252K | 3.2M | 12M | 20M | 21M | 26M | 41M | 54M | 66M | 68M | 68M |
| Growth CapEx | 16M | 72M | 36M | 26M | 3.8M | 3.3M | 82M | 0 | 0 | 0 | 0 |
| D&A | 252K | 3.2M | 12M | 20M | 21M | 26M | 41M | 54M | 66M | 68M | 68M |
| CapEx/OCF | N/A | N/A | 133.0% | 107.9% | 185.9% | 55.2% | 65.5% | 3.1% | 12.1% | 87.2% | 87.2% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 20M | 20M | 26M | 25M | 4.3M | 4.3M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | 6.7% | 3.9% | 5.7% | 1.8% | 0.5% | 0.8% |
| Share Buybacks | 0 | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 299K | 2.8M | 2.6M | 4.1M | 4.1M | 5.3M | 8.2M | 13M | 17M | 18M | 18M |
| Debt Repayment | 0 | 11M | 19M | 70M | 46M | 26M | 26M | 128M | 198M | 52M | 52M |
| Balance Sheet | |||||||||||
| Net Debt | -59M | -505K | -2.7M | 7.4M | 12M | -11M | 19M | 29M | 22M | -429M | 11M |
| Cash & Equiv. | 5.2M | 5.9M | 7.0M | 5.5M | 5.3M | 22M | 36M | 42M | 33M | 440M | 440M |
| Long-Term Debt | 500K | 11M | 4.5M | 9.6M | 13M | 3.3M | 19M | 349K | 359K | 56K | 56K |
| Debt/Equity | -0.20 | 0.09 | 0.07 | 0.08 | 0.10 | 0.05 | 0.29 | 0.31 | 0.24 | 0.93 | 0.93 |
| Interest Coverage | -60.7 | -691.0 | 16.9 | 24.8 | -15.6 | 15.5 | 22.0 | 10.7 | 2.7 | -7.2 | -7.2 |
| Equity | -5.0M | 113M | 141M | 170M | 169M | 211M | 309M | 370M | 363M | 484M | 484M |
| Total Assets | 119M | 148M | 188M | 227M | 229M | 329M | 596M | 666M | 675M | 1.1B | 1.1B |
| Total Liabilities | 35M | 35M | 47M | 57M | 60M | 118M | 287M | 296M | 312M | 657M | 657M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -18M | -35M | -10M | 15M | 9.8M | 47M | 140M | 92M | 70M | -311K | -311K |
| Working Capital | 48M | 7.0M | 5.2M | 18M | 13M | 40M | -15M | 20M | 45M | 488M | 488M |
| Current Assets | 63M | 29M | 35M | 44M | 42M | 87M | 147M | 190M | 168M | 598M | 598M |
| Current Liabilities | 15M | 22M | 30M | 26M | 29M | 47M | 163M | 170M | 122M | 110M | 110M |
| Per Share Data | |||||||||||
| EPS | N/A | -0.41 | 0.61 | 0.60 | -0.12 | 0.88 | 2.54 | 1.73 | 0.11 | -0.99 | -0.99 |
| Owner EPS | N/A | -0.38 | 0.51 | 0.45 | -0.28 | 0.48 | 3.03 | 1.97 | 0.29 | -1.61 | -1.61 |
| Book Value | N/A | 3.02 | 3.41 | 4.06 | 4.04 | 4.67 | 6.76 | 7.77 | 3.57 | 9.31 | 9.31 |
| Cash Flow/Share | N/A | -0.23 | 0.87 | 1.01 | 0.32 | 1.18 | 4.11 | 3.38 | 1.11 | 0.04 | 0.32 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.06 | 0.44 | 0.54 | 0.24 | 0.08 | 0.08 |
| Shares Out. | N/A | 37.5M | 41.4M | 41.9M | 41.9M | 45.2M | 45.7M | 47.6M | 101.7M | 52.0M | 52.0M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | 6.6 | 5.0 | N/A | 12.1 | 3.0 | 9.4 | 90.5 | N/A | -10.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 20.2 | 5.4 | 5.0 | 10.2 | N/A | N/A |
| EV/EBIT | N/A | N/A | 6.8 | 4.5 | N/A | 11.9 | 2.5 | 8.5 | 62.2 | N/A | N/A |
| Price/Book | N/A | 2.1 | 1.2 | 0.7 | 0.6 | 2.3 | 1.1 | 2.1 | 2.8 | 1.9 | 1.1 |
| Price/Sales | N/A | N/A | 1.1 | 1.0 | 0.6 | 1.1 | 0.9 | 0.7 | 2.1 | 1.7 | 1.0 |
| FCF Yield | N/A | -35.7% | -7.2% | -2.7% | -11.0% | 5.0% | 18.4% | 20.1% | 9.8% | 0.0% | 0.0% |
| Market Cap | N/A | 234M | 165M | 125M | 104M | 482M | 353M | 777M | 1.0B | 930M | 538M |
| Avg. Price | N/A | 6.25 | 6.10 | 4.22 | 2.45 | 6.62 | 11.38 | 9.53 | 13.58 | 17.25 | 10.35 |
| Year-End Price | N/A | 6.08 | 3.99 | 2.99 | 2.48 | 10.65 | 7.72 | 16.33 | 9.95 | 17.89 | 10.35 |
Ramaco Resources, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 13.3% with a gross margin of 27.3%. Total shareholder yield (dividends) is 0.8%. At current prices, the estimated annualized return to fair value is +35.8%.
Ramaco Resources, Inc. (METC) has a debt-to-equity ratio of 0.93. This indicates moderate leverage.
Ramaco Resources, Inc. (METC) reported earnings per share (EPS) of $-0.99 in its most recent fiscal year.
Ramaco Resources, Inc. (METC) has a return on equity (ROE) of -12.2%. A negative ROE may indicate losses or negative equity.
Ramaco Resources, Inc. (METC) has a 5-year average gross margin of 27.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 10 years of financial data for Ramaco Resources, Inc. (METC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ramaco Resources, Inc. (METC) has a book value per share of $9.31, based on its most recent annual SEC filing.